Advanced Search
MyIDEAS: Login to save this article or follow this journal

Nutrient Best Management Practice Insurance and Farmer Perceptions of Adoption Risk

Contents:

Author Info

  • Mitchell, Paul D.

Abstract

This paper explores the effect farmer perceptions concerning how best management practice (BMP) adoption changes the profit distribution have on BMP adoption incentives and the potential for insurance to increase these incentives. Adoption indifference curves illustrate the effect of farmer perceptions on BMP adoption incentives and the potential for insurance to expand the set of perceptions consistent with adoption. Empirical analysis quantifies these conceptual results for nutrient BMP insurance, a new policy available to corn farmers as part of a USDA-Risk Management Agency pilot program in four states. Results indicate that nutrient BMP insurance can have economically relevant effects on farmer adoption incentives.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://purl.umn.edu/43460
Download Restriction: no

Bibliographic Info

Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

Volume (Year): 36 (2004)
Issue (Month): 03 (December)
Pages:

as in new window
Handle: RePEc:ags:joaaec:43460

Contact details of provider:
Web page: http://www.saea.org/jaae/jaae.htm
More information through EDIRC

Related research

Keywords: adoption indifference curves; crop insurance; fertilizer; green insurance; D8; Q12; Q16; Q21;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. David A. Hennessy & Bruce A. Babcock & Dermot J. Hayes, 1995. "Budgetary and Resource Allocation Effects of Revenue Assurance," Center for Agricultural and Rural Development (CARD) Publications 95-wp130, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  2. Babcock, Bruce A. & Choi, E. Kwan & Feinerman, Eli, 1993. "Risk and Probability Premiums for Cara Utility Function," Staff General Research Papers 596, Iowa State University, Department of Economics.
  3. George C. Davis & Maria Cristina Espinoza, 1998. "A Unified Approach to Sensitivity Analysis in Equilibrium Displacement Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(4), pages 868-879.
  4. Babcock, Bruce A. & Blackmer, Alfred M., 1992. "The Value Of Reducing Temporal Input Nonuniformities," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(02), December.
  5. Hrubovcak, James & Vasavada, Utpal & Aldy, Joseph E., 1999. "Green Technologies for a More Sustainable Agriculture," Agricultural Information Bulletins 33721, United States Department of Agriculture, Economic Research Service.
  6. Fraser, R. W. & Lekakis, J. N., 2003. "Risk Management and the Environment: Agriculture in Perspective," Staff General Research Papers 10594, Iowa State University, Department of Economics.
  7. Bruce A. Babcock & Chad E. Hart & Dermot J. Hayes, 2004. "Actuarial Fairness of Crop Insurance Rates with Constant Rate Relativities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(3), pages 563-575.
  8. Meyer, Jack, 1987. "Two-moment Decision Models and Expected Utility Maximization," American Economic Review, American Economic Association, vol. 77(3), pages 421-30, June.
  9. Mitchell, Paul D. & Hennessy, David A., 2003. "Factors Determining Best Management Practice Adoption Incentives and the Impact of Green Insurance," Staff General Research Papers 10418, Iowa State University, Department of Economics.
  10. Feather, Peter & Cooper, Joseph C., 1995. "Voluntary Incentives for Reducing Agricultural Nonpoint Source Water Pollution," Agricultural Information Bulletins 33619, United States Department of Agriculture, Economic Research Service.
  11. Huang, Wen-Yuan, 2002. "Using Insurance To Enhance Nitrogen Fertilizer Application Timing To Reduce Nitrogen Losses," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 34(01), April.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Du, Xiaodong & Hennessy, David A. & Yu, Cindy, 2012. "Testing Day's Conjecture That More Nitrogen Decreases Crop Yield Skewness," Staff General Research Papers 35022, Iowa State University, Department of Economics.
  2. Tipparat Pongthanapanich & Eva Roth, 2006. "Toward Environmental Responsibility of Thai Shrimp Farming through a Voluntary Management Scheme," Working Papers 70/2006, University of Southern Denmark, Department of Environmental and Business Economics.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ags:joaaec:43460. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.